The growth of the Greek GDP is estimated to reach 9.8% in 2021 and 5.4% in 2022, according to the estimates of Piraeus Bank in the Bulletin of Economic Developments that it published today.
After 2023, the growth rate of the economy is estimated to move in the medium term close to 3.5%, according to Piraeus Bank.
As he points out, the recovery of the Greek economy was strong in the third quarter of 2021 and despite the uncertainty about the development of the new wave of pandemic, energy crisis and inflationary pressures, the outlook for 2021 remains quite positive.
Both the economic climate index and the short-term economic indicators record optimistic expectations for the continuation of the recovery of the Greek economy in the fourth quarter of the year.
In the development trajectory of the Greek economy for the coming years, the utilization of the resources of the Recovery Fund, the fiscal prospects for the restoration of the fiscal balance and the servicing of the debt and finally the prospects of a smooth transition after the end of the extraordinary market program continue to play an important role. government bonds due to the pandemic (PEPP) in March 2022 and the acquisition of an investment grade.
This perspective may create some short-term volatility, but we do not anticipate creating difficulties in the implementation of the new edition program of € 10-12 billion of ODDIH for 2022.
See the whole Bulletin in the right column “Related Files”
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Source From: Capital
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